What is Recruitment Chatbot - Market Scope?
The Recruitment Chatbots is a computer program that simulates and processes human conversation either written or spoken format with the help of artificial intelligence and machine learning. It is basically an Hr Manager assistant which helps carry out recruitment processes. Recruitment chatbots can be programmed accordingly to do some basic tasks like collecting basic candidate information, education or past experience, asking screening questions about candidate qualifications, etc. Recruitment Chatbots also help to schedule interviews and meetings between recruiters and candidates.
The Recruitment Chatbot - market study is being classified by Type (Collector Chatbots and Helper Chatbots), by Application (Business and Recruiting firms) and major geographies with country level break-up.
Growing demand for AI technology introducing innovation for recruitment organizations for the improvement of the hiring process. Companies launching AI-based Recruitment chatbots with the help of software companies. Companies investing time and money to reform the hiring process. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Recruitment Chatbot - market throughout the predicted period.
Humanly (United States), Paradox (United States), XOR (United States), Eightfold (United States), Brazen (United States), HireVue (United States), Espressive (United States), Symphony Talent (United States), Wade and Wendy (United States), Ideal (United States), CEIPAL (United States), iCIMS, Inc. (United States), Mya Systems (United States) and Sense (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Recruitment Chatbot - market by Type, Application and Region.
On the basis of geography, the market of Recruitment Chatbot - has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021.
On 28th September 2021, Sense the market leader in AI-driven talent engagement and communication platform solutions for recruiting, announced the launch of the platform’s AI Chatbot. The Sense AI Chatbot offers seamless integration, available immediately upon activation, that sources and screens more qualified candidates faster while still providing white-glove, personalized candidate-focused experiences.
Influencing Market Trend
- Recruitment industries moving towards artificial intelligence
- Integration of Video Interviews Interface in Recruitment Chatbots
Market Drivers
- Growing Demand for the Automation in Recruitment Process
- Need for Reduced Time and Management of Queries Online in the Recruitment Operations
Opportunities
- Growing Industries in Developing Countries Rapidly Adopting New Technology to Reform the Hiring Process Will Boost the Recruitment Chatbot Market
Restraints
- Lack of Acceptance of Recruitment Chatbot Among the Small Businesses
- Complex Evaluation of Personal Traits Limiting the Effectiveness Recruitment Chatbot
Challenges
- High Cost and Time Consumption Related Issues with the Setup of Recruitment chatbots Affecting the Technical Expertise
Key Target Audience
Recruitment Chatbots Developers, Recruitment Industry Association, Potential Investors/Financial Institutions, Regulatory Bodies and Other
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